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Iran-Afghanistan to build oil pipeline

in Afghan Business

Iran-Afghanistan to build oil pipeline

According to Iran’s news agency of Press TV, the Iranian deputy oil minister said Iran and Afghanistan have agreed to build a pipeline to help facilitate the exports of Iran’s oil products to its eastern neighbor.

Ali Reza Zeighami, managing director of the National Iranian Oil Refining and Distribution Company (NIORDC) said an Iranian delegation will soon travel to Afghanistan to discuss the details of the agreement.

Iran’s Petroleum Ministry and Afghanistan’s Ministry of Industries and Commerce signed an agreement for Iran’s one million tons annual exports of oil products to Afghanistan in December in 2011.

Based on the articles of the signed agreement between the Islamic Republic of Iran’s oil minister and the Islamic Republic of Afghanistan’s industries and commerce minister, such oil products as oil gas, jet gas, and gasoline would be exported to Afghanistan.

Managing Director of National Iranian Refining and Distribution of Oil Products Company Ali-Reza Zeighami said in a press conference after the signing of the contract, “60 to 70 percent of this consignment would be oil gas, 20 to 30 percent of it would be gasoline, and the remaining 10 to 20 percents jet gas, and their prices, too, would be in accordance with the international prices of these products, each year, respectively.”

Iran holds the world’s third-largest proven oil reserves and the second-largest natural gas reserves.



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